The cryptocurrency trading overtime has enjoined splendid growth and
patronage; in 2017 we saw cryptocurrency rising to an all time market value of 500 billion USD with its average trading volume growing rapidly from 162 million USD to an all time high amount 20 billion USD. The tremendous growth of the cryptocurrency market has indeed raised the baseline and benchmark for better secured trading exchanges. At the moment cryptocurrency market operates a dual kind of trading exchanges namely; the centralized exchanges and the distribution exchanges.
The centralized exchange
This exchanges offers top-notch centralized order matching system for traders it operates by allowing third party to efficiently handle the order book and keep trader earned crypto currencies within it's storage; the centralized exchange provides a rapid execution & processing time with very strong transaction/trading liquity; but it's highly susceptible to hacking this challenges have over time resulted in increased risk & uncertainty of centralized exchanges.
The distributed exchanges
It totally remove third-party from the arrangement using it's distributed ledger technology in collaboration with smart contract. With the distributed ledger all traders asset listed on the distributed exchange are installed in his own Private account with limited exchange access to the account; the distributed exchanges is deemed inefficient due to it's poor liquidity & slow transaction time, some examples of the distribution exchanges are either delta & bitshares.
However the combination of time, technological advancement outside & within the crypto sharing economy have columinated into the creation of of Daex ( digital asset exchanges) the Daex is designed as an open & also same time a distributed crypto currency organising & clearing ecosystem. The Daex is a blockchain invention that leverages on blockchain to provide a better distributed ledger & smart contract based services, it is a conscious initiative that is so far been nurtured & managed by the Daex foundation in Switzerland. Ever since the creation of the Daex it has enjoined tremendous partnership with like oriented institutes such as Us Temple University, Jenga blockchain, 8 decimal capital & many others whom they are still negotiating partnership with worldwide.
ABOUT DAEX
The Daex operate in an ecosystem that strives to adequately solve a myraid of problems bedeviling the crypto currency trading industry. Daex is a combination of the centralized & distributed exchanges, this is done with a view to eschewing a stronger liquidity, transparency, better security level & trust. With Daex all trading & clearing services are broken into entities. The centralized exchanges section of Daex will duly pprovide trading services, while all the clearing services will be solely operated on the peculiarities of the Daex ; Daex stands out amidst it contemporaries because it can ably provide centralized exchanges services without incurring any risk with the daex we are bound to experience:
(1) Efficient resource allocation:
Due to the individualistic nature of it's clearing work, it uses the unique clearing services to ensure efficiency in usage of industry resources
(2) Adequate security:
The Daex eschews a highly secured trading infrastructure that has all it's users asset listed & held on the public blockchain . It is such that it can only be moved upon the consent of owner.
(3) Unique exchanges mechanisms:
With the qualitative separation of Daex clearing & trading processes, exchanges are enhanced to be more specialized on areas of core competencies it reduces drastically all previously beguiling operational cost .
(4) Trust :
Trust is an essential factor with anything that has the backing of blockchain, trust in daex implies transparency, certainty & accuracy for efficient service delivery. Daex ecosystem has an underlying architectural technology that comprises of users. The Daex foundation , and centralized exchanges. The Daex foundation is solely responsible for the connection of user's & all centralized exchanges , daex is what it is because it has a clearing chain called the Daex blockchain at it very core, Daex blockchain facilitate multiple services for individuals, companies, user's & institutions, the process of Daex clearing is carried out.
(1) it gives all it's traders the opportunity to trade & use their wallet for trades on the Daex exchange.
(2)It also uses a high-tech trade matching system that sends to the clearing chain & it then evokes a clearing smart contract, that later forms a contract that matches the trade.
Daex envisages the need for a multiple digital asset management within the shortest possible time , so it leverages on the atomic settlement to make multiplicity transaction a reality; the Daex distributed wallet mechanism is unique in it's ability to accommodate different types of digital currencies ( crypto currencies) like BTC, Qtum, ETH, Neo and even with all ERC20 tokens. As part of Daex portfolio management process it also has a Kyc process that accommodate user's registration on the clearing chain & the Daex wallet is designed to always electronically generate tripartite key parts namely:
<>Wallet part : for storage of wallet mode & signatures
<>User part: kept in the users mobile becomes active when asset is transferred into wallet.
<> Backup part: it is used strictly for carrying out all recovery purposes.
Daex also has a consensus mechanism that mitigates against malicious attacks, high network cost, centralization computing prowess & poor relative decentralization; Daex tokens are designed for Daex community (users) it also serves as basis for carrying out token reward mechanism, token sale is possible and total hard cap is 25ETH .
CONCLUSION
Daex provides present & future advantages for all forms of crypto currency distributed exchanges, although it has a road map that is poised towards getting better results. It proposes a future of more advanced infrastructure that eschews distributed exchanges that aids derivative clearing & smart inclusive financing ; anyone who loves efficiency & all encompassing service must have to either invest in Daex or watch out for Daex surprises to come .
For more information visit:
Website: https://www.daex.io
Whitepaper: https://www.daex.io/pdf/DAEX(EN)-NonTechnicalWhitepaper-V0.9.8c.pdf
Technical Whitepaper: https://www.daex.io/pdf/DAEX(EN)-TechnicalWhitepaper-V0.6.1.pdf
Twitter: https://twitter.com/DaexBlockchain
Telegram: https://www.t.me/DAEXOfficial_en
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